March 1, 2013 | Weekly Fuel Market Update
Fuel prices trended slightly down most of the week despite disruption in supply around the country. Refineries continue their seasonal maintenance schedules this time of year when demand is usually at its lowest. Disruption in supply along with higher anticipated demand should make the current downward trend in prices short-lived.
A winter blast closed I-40 this week for over 24 hours, disrupting one of New Mexico’s largest terminals in Moriarty. Tankers queued up in long lines at the terminal waiting for the interstate to re-open. Continue to order sooner than later this week and line up your loads in advance as much as possible as product is still very tight in New Mexico due to local refinery maintenance. Desert Fuels is positioned well with plenty of fuel to meet your needs even in this tight market.
West Texas / El Paso
The tight market in El Paso and West Texas remains unchanged with suppliers trying to take care of long-term contract customers. Expect the same in West Texas next week. As refineries come back online, others will follow with planned maintenance and temporary shutdowns. We see this tight market continuing through the next month. Order sooner than later. Desert Fuels has the ability to bring fuel from multiple markets and from many states and continues to impress customers with available fuel and great prices.
No significant updates this week.
Colorado – Front Range
Scheduled maintenance at the HollyFrontier refinery in Cheyenne tightened allocations for all rack and non-contract customers in Denver this week. Desert Fuels is positioned well with good supply in this market at very competitive pricing.